abrdn Palladium ETF Trust
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
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Item 8. Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary Data*(Unaudited)*
Quarterly Income Statements
| Three months ended · Year ended | |||||
|---|---|---|---|---|---|
| (Amounts in 000’s of US$, except for Share and per Share data) | March 31 | June 30 | September 30 | December 31 | December 31 |
| EXPENSES | |||||
| Sponsor’s Fee | $419 | $382 | $356 | $307 | $1,464 |
| Total expenses | 419 | 382 | 356 | 307 | 1,464 |
| Net investment loss | (419) | (382) | (356) | (307) | (1,464) |
| REALIZED AND UNREALIZED GAINS / (LOSSES) | |||||
| Realized gain / (loss) on palladium transferred to pay expenses | (73) | (125) | (171) | (210) | (579) |
| Realized gain / (loss) on palladium distributed for the redemption of Shares | (6,533) | (1,352) | (2,863) | 2 | (10,746) |
| Change in unrealized gain/ (loss) on investment in palladium | (41,035) | (41,069) | 9,482 | (25,971) | (98,593) |
| Total gain / (loss) on investment in palladium | (47,641) | (42,546) | 6,448 | (26,179) | (109,918) |
| Change in net assets from operations | $(48,060) | $(42,928) | $6,092 | $(26,486) | $(111,382) |
| Net increase / (decrease) in net assets per Share | $(24.83) | $(21.68) | $3.10 | $(13.00) | $(56.28) |
| Weighted average number of Shares | 1,935,833 | 1,979,945 | 1,962,500 | 2,036,957 | 1,979,041 |
Year Ended December 31, 2022
| Three months ended · Year ended | |||||
|---|---|---|---|---|---|
| (Amounts in 000’s of US$, except for Share and per Share data) | March 31 | June 30 | September 30 | December 31 | December 31 |
| EXPENSES | |||||
| Sponsor’s Fee | $594 | $629 | $538 | $466 | $2,227 |
| Total expenses | 594 | 629 | 538 | 466 | 2,227 |
| Net investment loss | (594) | (629) | (538) | (466) | (2,227) |
| REALIZED AND UNREALIZED GAINS / (LOSSES) | |||||
| Realized gain on palladium transferred to pay expenses | 65 | 91 | (6) | 5 | 155 |
| Realized gain / (loss) on palladium distributed for the redemption of Shares | 4,305 | 439 | 575 | (1,430) | 3,889 |
| Change in unrealized gain / (loss) on investment in Bullion | 21,908 | (70,791) | 54,891 | (68,306) | (62,298) |
| Change in unrealized gain / (loss) on unsettled creations or redemptions | 1,061 | (1,061) | — | — | — |
| Total gain / (loss) on investment in palladium | 27,339 | (71,322) | 55,460 | (69,731) | (58,254) |
| Change in net assets from operations | $26,745 | $(71,951) | $54,922 | $(70,197) | $(60,481) |
| Net increase / (decrease) in net assets per Share | $13.67 | $(35.53) | $30.38 | $(40.24) | $(32.12) |
| Weighted average number of Shares | 1,956,667 | 2,025,275 | 1,807,609 | 1,744,565 | 1,882,740 |
Note: Quarterly balances may not add to totals due to independent rounding.
The financial statements required by Regulation S-X, together with the report of the Trust’s independent registered public accounting firm appear on pages F-1 to F-13 of this filing.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.